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Added to YB: 2024-10-17

Pitch date: 2024-10-15

VLN.TO [bullish]

Velan Inc.

+58.46%

current return

Author Info

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Company Info

Velan Inc. designs, manufactures, and markets industrial valves worldwide. The company offers quarter-turn valves, such as ball, high performance three-piece ball, general purpose ball, metal-seated ball, triple-offset, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves; and gate, globe, and check valves, including pressure seal, bolted bonnet high pressure, cast steel, cast stainless steel corrosion resistant, small forged, bonnetless, and dual-plate check valves, as well as maintenance valves for nuclear service.

Market Cap

CAD 213.7M

Pitch Price

CAD 10.29

Price Target

51.00 (+213%)

Dividend

0.81%

EV/EBITDA

4.02

P/E

-4.45

EV/Sales

0.53

Sector

Machinery

Category

turnaround

Show full summary:
Velan Inc. - $VLN.TO

VLN.TO: Nuclear valve leader, 86% global reactor share. New CEO improving margins (5.5% Q2 EBITDA). Backlog $548M, bookings +63% YoY. Nuclear cycle inflecting, rare pure-play. 3x EBITDA, 10-12% normalized margins. Takeover potential (101 prior bidders). Upside to $51 (425%) at 8x EBITDA. Risks: unions, asbestos, French block.

Read full article (10 min)